Dp Poland Share Discussion Threads

[hybrasil] 03/4/2023 09:10

Trading statement due in two weeks

[m_kerr] 22/3/2023 22:03

what with the higher cost of capital, poorly run businesses like this reliant on regular capital raising are in the firing line. my guess is that DPE will eventually end up taking it over for less than the current market cap.

[adrunkenmarcus] 13/3/2023 18:11

I do hope so, though we should pay attention to the higher level of inflation in Poland and the pricing action(s) they might be taking. Full year 2022 results are not until June, which is really a bit late. I'd prefer March/April!!!

[hybrasil] 13/3/2023 17:03

presumably a trading update in April. It must be very positive and we will get to know how the tv campaign is going

[my retirement fund] 22/2/2023 18:16

20 Mill changes hands!

[my retirement fund] 30/12/2022 22:11

Until this shower stops giving away millions of share options with ludicrous excise prices, I can't see any sensible increase in the share price. A very different story when these guys have their own skin in the game and spend their own money on the shares.

[hybrasil] 30/12/2022 21:33

Ok I’ve been here for 10 years but todays rns should have attracted more interest 12k€ worth of shares traded.

I made money out of dominos uk long before he came on the scene. But he knows the world wide dominos family and that can only be a good thing.

I’m sure if you looked back over the last 10 years I’ve said the same thing before but I think 2023 will be it!

[adrunkenmarcus] 27/11/2022 09:41

I'm hoping that the business's underlying progress since 2010 will, finally, start to translate to improved shareholder returns. Roll on 2023!

[hybrasil] 27/11/2022 08:35

delighted to see you here Sleepy

One of my historic big holdings.

My word is that the sellers seemed to have dried up.

Presumably the world cup must be brilliant for pizza and hopefully Januarys trading update will be positive.

[sleepy] 25/11/2022 18:41

Tiocaigh ar la (as they say in Poland)

[hybrasil] 22/11/2022 19:17

Tiocaigh ar la

[adrunkenmarcus] 15/11/2022 10:18

I’ve lost track. I wasn’t sure if there was meant to be a post- September half year update.

[hybrasil] 15/11/2022 09:30

presumably nothing now till the january trading update

[adrunkenmarcus] 19/8/2022 08:44

Since they’ve raised this Cady, I hope they deploy it sensibly!

[my retirement fund] 19/8/2022 07:37

lol, now we know why it got pumped up for no reasons, splendid job if i may say so, hats off to the city boys, they know how to scalp the market!

[hybrasil] 18/8/2022 21:51

FFS
My rough calculation shows trat in it’s 12 year existence this company has raised £49m
in cash. It’s barely worth that today!

[adrunkenmarcus] 06/8/2022 10:01

Consensus Forecasts are for DPP to close 2022 with negative free cash flow of about £0.4 million and then generate positive free cash flow of over £1.7 million in 2023. That puts it on a forward free cash flow yield of 3.2 percent.

However, EBITDA is forecast at £6.25 million for 2023 and also a reduction of £1.9 million in net borrowing. The company is at a stage where it is capable of generating positive earnings, hidden in large part by the need to finance expansion. They really do need to get to a stage where sub franchising can be accomplished successfully.

For all the time it has taken and the disappointments, I do think it is attractively valued at about 1.4 x projected 2023 revenues. IF it can obtain the success the brand has achieved in other markets then 2.5-3.5 x revenue seems more appropriate and we need to recognise that they are taking market share and growing.

[hybrasil] 05/8/2022 21:07

Life is starting.

[my retirement fund] 05/8/2022 15:50

Wots going on?

[my retirement fund] 23/6/2022 09:09

good point

[m_kerr] 22/6/2022 21:37

the original business plan sounded promising to me, but they've failed i'm afraid. they've been struggling to attract franchisees and make money, and did the precise opposite of what they need to do - make a large acquisition, and increase complexity by expanding to a new country. one last roll of the dice.

they've got just 8 franchised stores nowadays, and since float, shares are down 90% with no dividend paid. per my previous post, the lack of any local interest in franchising indicates a weak franchise model with weak economics. indeed, in this respect they've actually gone backwards in recent years.

[my retirement fund] 12/6/2022 11:21

Yes it needs to show its solvent now. Make or break, if its not cash flow positive now they may as well switch the lights off!

[adrunkenmarcus] 12/6/2022 09:19

We need DPP to get to free cash flow breakeven to ease concerns about any further dilution. If they can get there and accelerate expansion through improved execution and sub franchising then this business will look much stronger. Current forecasts show a slight deficit on free cash flow in 2022 and then a surplus in 2023, so we may get to the business turning free cash flow positive by end 2022/early 2023 if all goes well.

There are valid criticisms about how DPP was run in the past, however we do need to recognise IMHO that current management have not been running the business that long in the grand scheme of things. And, much of the time they have been in charge, their focus has been on integration and consolidating the merged company. They do need to take actions on pricing and ensuring inflation does not impact them more than it needs to.

[hybrasil] 12/6/2022 07:07

My tuppence worth says the news will be in the main positive.
And once there is profitability the share price will take off